IT companies big Wipro has acquired Convergence Acceleration Options (CAS Group), a Roswell, GA-based administration and expertise consulting agency serving the telecommunications business.
Based in 2007, CAS Group serves purchasers throughout the areas of cellular/wi-fi, enterprise and fiber-optic companies, and cable, information, and telecom retail options. The agency’s consulting choices embody operational help system and enterprise help system transformation, software modernization, broadband infrastructure companies, and community enablement of digital merchandise reminiscent of 5G and IoT.
CAS Group has roughly 145 staff and annual income of $28.1 million.
Wipro pays an upfront consideration of $50 million and a contingent consideration of $30 million, payable over three years, to accumulate CAS Group.
The deal will give Wipro an end-to-end skilled companies resolution for telecom purchasers, with companies starting from technique improvement and planning to execution and implementation.
“Communications service suppliers in North America are on the cusp of great transformation pushed by new connectivity applied sciences, options, and differentiated enterprise fashions,” mentioned Malay Joshi, SVP and sector head for communications, media, and knowledge companies at Wipro. “CAS Group aligns very properly with Wipro’s strategic priorities of strengthening our consumer partnerships by offering differentiated enterprise options with expertise at scale within the markets we serve.”
Philippe Dintrans, SVP and world head of area and consulting at Wipro, added, “Their long-standing strategic partnerships with a number of the largest communications service suppliers, mixed with deep experience in giant scale transformation initiatives, will permit us to realize a big aggressive benefit on this high-growth sector.”
Wipro final 12 months acquired financial services industry consultancy Capco for $1.5 billion. The India-headquartered firm additionally final 12 months purchased Edgile, an Austin-based cybersecurity consulting agency, for $230 million.
“Becoming a member of Wipro will permit us to ship our distinctive and specialised set of capabilities at a world scale, bringing extra worth, extra insights, and the energy of one of many world’s largest expertise companies firms to our purchasers and staff,” mentioned John McAleer, CEO of CAS Group.